Taiwan wins ‘iWatch’ orders: reports

TAIPEI – Two leading Taiwanese electronics firms that assemble products for Apple have received orders to make the highly anticipated “iWatch,” an analyst and reports said Wednesday.

“Apple is likely to introduce iWatch in 2014. From our channel checks, Inventec is the major assembly source for iWatch, with about 60 percent of order allocation,” said CIMB Securities analyst Wanli Wang in a report.

CIMB projects 63.4 million units of iWatch shipments in the year after its launch with an average price of around $199, while the iWatch project is estimated to contribute 19 percent of Inventec’s earnings in 2014, Wang said.